- The eight heaviest weights on the resource-rich Toronto index were all energy or mining companies. Banking stocks rose in morning trade, but they also retreated and closed lower.
The Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE ended down 56.36 points, or 0.46 percent, at 12,257.18. On Monday it dropped 70 points, and has now declined in each of the last four sessions.
The index’s fall came despite gains in copper and other base-metals prices as investors focused on signs that economic recovery is not assured despite the recent monetary policy easing undertaken by several major central banks.
Canada’s main stock index ended in the red on Tuesday as investors fretted anew about prospects for global growth, pushing down oil and gas companies and other resource-based shares, but Blackberry maker Research In Motion Ltd (RIM.TO: Quote) jumped after it released solid subscriber numbers.
The S&P/TSX composite index ended the session down 1.3 per cent, or 158.18 points at 11,989.10, with all major sectors weaker. Earlier in the day the TSX had fallen as much as 1.9 per cent, marking its biggest drop since December.
On Wall Street, the Dow Jones industrial average fell 102.09 points to 12,927.17, the Nasdaq was down 30 points at 2,970.45 and the S&P 500 index dropped 11.59 points to 1,366.94.
Canada’s benchmark stock index bucked a near-global trend on Thursday, posting a modest gain while other major indexes lost ground due to disappointing economic data releases and renewed fears of a eurozone debt crisis. In Toronto the S&P/TSX composite index rose 24.80 points, or 0.20%, to 12,153.69. Six of the 10 sub-indexes advanced, led by technology, which gained 2.19% thanks in part to Research in Motion, which rose 2.6% to $13.42 on speculation the beleaguered tech giant is ready to hire a financial advisor.